Latest News
Are you thinking of buying your second home? If so, read this before you do
With mortgage rates near record lows, you may be tempted to purchase a second home for your future retirement. According to the National Association of Realtors, an estimated 45 percent of vacation home buyers are in their 50s and 60s and buy for personal use. If you are thinking of purchasing your second home, don’t forget all the responsibilities with owning a home such, as your taxes, insurance, utilities, maintenance, repairs, furniture, and possible homeowner’s association. David Rae writing for Forbes.com outlines eight things to consider before buying that second home for your retirement. Read Mr. Rae’s article here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.